Fintech / Regtech

South Korea to Formally Launch Open Banking System This Month

02/12/2019

October’s 10-bank pilot attracted over 5.5 million bank accounts with the open banking service now expanded to include eight additional banks and fintech firms.

ASIC, APRA Ink Updated MoU to Enhance Collaboration

02/12/2019

The updated MoU was a royal commission recommendation to enable more proactive engagement between the two regulators.

Chinese P2P Lenders to Close in Two Years

02/12/2019

Approved lenders can opt to convert to small finance companies in the two year grace period, as authorities moved to shut down the scandal-ridden sector.

Market Infrastructure

MSCI Calls for Greater Market Reform in China

02/12/2019

The index provider has laid out market access concerns for Chinese authorities to resolve before any more Chinese A shares can be included in its indexes.

Capital / Liquidity

China to Relax Capital Raising Rules for Unlisted Banks

02/12/2019

The requirement for small lenders to sell shares in the OTC markets before issuing preferred shares has been removed to allow them to more easily raise capital.

AML / KYC

OECD Hails Global Anti-Tax Evasion Efforts as ‘Unprecedented Success’

02/12/2019

Last year saw nearly 90 jurisdictions automatically exchange information on 47 million financial accounts, covering total assets of $4.9tn.

Market Infrastructure

Japan Set to Consult on Reorganisation of TSE Boards

02/12/2019

The TSE will consult on the criteria for companies to move to the First Section, and measures to enhance the independence of listed subsidiaries from their parent companies.

Securities / Derivatives

SEBI Lists Permissible Jurisdictions for Depository Receipts Issuance

02/12/2019

Indian companies will be allowed to issue depository receipts on exchanges in the US, Japan, Korea, the UK, France, Germany, Canada, and India’s own international financial centre known as Gift City.

Press Release

Haymarket Enters into Strategic Partnership to Further Develop Regulation Asia

29/11/2019

Through this partnership, both firms can look to strengthen their editorial expertise with the goal of providing their respective audiences with deeper coverage on critical issues.